Naviter Wealth LLC Makes New $229,000 Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Naviter Wealth LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,092 shares of the exchange traded fund’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in ProShares UltraPro QQQ in the fourth quarter valued at $5,141,000. Wealthspire Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 3.8% during the fourth quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock worth $384,000 after purchasing an additional 279 shares during the last quarter. Quotient Wealth Partners LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter worth about $585,000. Innova Wealth Partners grew its stake in ProShares UltraPro QQQ by 32.8% in the fourth quarter. Innova Wealth Partners now owns 9,921 shares of the exchange traded fund’s stock worth $503,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in ProShares UltraPro QQQ during the fourth quarter valued at approximately $361,000.

ProShares UltraPro QQQ Stock Down 9.1 %

NASDAQ:TQQQ opened at $62.35 on Wednesday. ProShares UltraPro QQQ has a 52 week low of $30.47 and a 52 week high of $85.20. The business’s 50 day moving average is $69.82 and its two-hundred day moving average is $64.52.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were issued a $0.2828 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, June 26th. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

ProShares UltraPro QQQ Profile

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments.